Damage to oil industry minimal
Sep. 2nd, 2005 10:46 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
icarusAccording to industry news The damage to the oil industry has been minimal.
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wildernessguru points out that these oil companies maintain fleets of helicopters to check out their oil rigs, and to ship supplies and personnel. Why aren't they over-flying the region to survey the damage? That said, companies like Chevron have donated millions in disaster relief (finally).
Don't buy any argument that gas prices must rise because of the hurricane. The oil companies put the money in to make their cash flow capable of withstanding a hurricane of this magnitude.
wildernessguru points out that these oil companies maintain fleets of helicopters to check out their oil rigs, and to ship supplies and personnel. Why aren't they over-flying the region to survey the damage? That said, companies like Chevron have donated millions in disaster relief (finally).Don't buy any argument that gas prices must rise because of the hurricane. The oil companies put the money in to make their cash flow capable of withstanding a hurricane of this magnitude.